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Encyclopedia > Citigroup Private Bank

The Citigroup Private Bank provides personalized wealth management services for affluent clients who include many of the world’s most influential entrepreneurs, families and senior corporate executives. With 90 offices in 58 cities in 31 countries, it is one of the world’s most global private banks. Peter K. Scaturro is the CEO.

  Results from FactBites:
Bloomberg.com: U.S. (965 words)
Citigroup also advanced a loan to clients in Japan who were subsequently prosecuted for manipulation of a publicly traded stock with proceeds from the credit, the regulator said.
Citigroup's global private banking unit had profit of $551 million in 2003, the fifth year of record earnings, about 3 percent of group net income, according to its annual report.
Citigroup's private banking business was suspended from Sept. 29 for one year to allow it to close existing transactions, regulators said.
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